Canada's VC market sees robust $2.5 bln invested YTD 2016
Venture capital investment in Canada continued at a rapid pace in the first three quarters of 2016, with a total of $2.5 billion invested in 446 deals, according to data released by Thomson Reuters. That is the best result since 2001. Growth accounted for slower trends in Q3 2016, when $774 million was invested. Year-to-date activity was driven by large rounds, with Thalmic Labs and 10 other companies raising $50 million or more, which is close to breaking an all-time record in Canada. Fundraising returned to strength in Q3 2016, with $725 million in committed capital. That brings total domestic funds raised to $1.7 billion at the end of September.
2 November 2016•3 mins read
